India slips to eighth spot in RE attractive index
India’s overall ranking slipped from previously fourth position to eighth position recently in the world renewable energy attractive index as per Ernst & Young survey. This survey was for first quarter of 2013. The reason for such a decline in
India drafts Offshore wind energy policy
India recently unveiled a draft policy, for offshore wind energy development in the nation. Offshore wind farms are preferred because of the non-availability of land in densely populated coastal areas with high wind potential. The added efficiency of offshore wind power
REC Trading Report – April 2013
Non Solar RECs As April is the first month of the compliance year FY 13-14 a low demand situation was expected in this month’s trading session. Out of 18.9 lakh RECs which were put for sale only 44,459 RECs were purchased
Karnataka extends banking facility to Solar Projects
Hon’ble KERC has come up with an order dated 22nd March 2013 for introduction of banking facility to Solar Power Projects in Karnataka. KERC had previously invited comments /suggestions on the issue latest by 25th October 2012. The Commission has asserted
Punjab releases NRSE Policy 2012
Punjab released their renewable energy policy ‘New and Renewable Sources of Energy (NRSE) Policy – 2012’ on 26th December, 2012 with an objective to develop and promote new and renewable sources of energy
CERC Extends REC Validity to 730 Days
CERC in an order dated 11-Feb-2013, relaxed the provisions of regulation 10(1) of its CERC (Terms & Conditions for issuance of Renewable Energy Certificate for Renewable Energy) Regulation, 2010. Spreading an air of respite for the RE Generators, CERC extended
REC Trading Report – December 2012
Non-solar RECs Volume increased significantly from the lows of November. Total traded volume was 273,644 in December (up from 132,352 in November; 108% increase). Supply continued to increase. Total sell bids exceeded 14.5 lakh RECs (up 18% from last month). The demand-supply
Hike in GBI for wind power projects
According to Bloomberg's article, the wind farms in India will receive a hike in their subsidy ( from 50p to 80p for per unit of the electricity generated). Under the Operational Guidelines for implementation of "Generation Based Incentive
REC trading report- November 2012
Non-solar RECs Volumes reduced sharply and prices remained at floor price for the third month.(Rs.1500/REC at IEX and PXIL; from September). Only 1.32 lakh RECs were redeemed this month (down by 41% from last month). The total supply was more than
MNRE proposes amendment in Electricity Act to strengthen RPO
According to a report in the Business Standard, at a Solar Energy summit in Mumbai, Mr. Tarun Kapoor, Joint Secretary, Ministry of New and Renewable Energy said," We have realised that some private companies and state discoms are not complying